$499,000 Active
2662 Osborne Avenue
South Lake Tahoe, CA 96150
✓ STR Allowed — Permit Required
City of South Lake Tahoe requires a Vacation Home Rental (VHR) permit — capped at roughly 900 permits citywide (residential zones), so availability varies. Verify current permit availability before counting on rental income.
2 Beds
·
1.0 Baths
·
693 Sq Ft

About This Property

Positioned perfectly for those seeking a premium primary home second home, this immaculate 2-bedroom, 1-bathroom cabin offers an unparalleled gateway to the Sierra lifestyle. It's recent remodel combined contemporary conveniences with timeless mountain aesthetics. Situated in the vibrant heart of South Lake Tahoe, the property serves as a basecamp for year-round recreation. From premium skiing and expansive hiking networks to boutique shopping and lake access, everything is just outside your door. Low-maintenance living ensures you spend less time on upkeep and more time making memories

Listed by Rani Calderon — Elite Properties

Listing Details

Status Active
MLS # 143312
Sold Date 1800-01-01
Price/Sq Ft $720

Property History

Aug 04, 2026
Listed for sale
$499,000

Sale History · changed hands 1×

Sold Price Listing agent (sell side) Buyer agent (buy side)
Nov 2021 · county record $430,000 Deed record — brokerage sides not reported

MLS closed sales, with duplicate ingestions collapsed and lease records excluded, so each row is a distinct transaction. Rows marked county record come from the assessor's deed data, which reaches back further than the MLS feed.

Property Overview
Beds 2
Baths 1.0
Sq. Ft. 693
Lot Size 0.11 acres
Year Built 1951
Property Type Single Family Residence
Subdivision Tahoe Sierra 3
County El Dorado
STR Jurisdiction South Lake Tahoe
APN 031201001000
Exterior & Lot
Exterior Features Storage Shed
Construction Wood Frame, Wood Siding
Roof Pitched, Metal
Foundation Concrete/Crawl Space, Post & Pier
Utilities & Systems
Heating Natural Gas, Wall or Space Heater
📊

STR Investment Analysis

See projected rental revenue, occupancy rates, and investment scores.

STR Investment Analysis

Permitted Zone
STRUCTURAL SCORE Excellent
87
PROJECTED ANNUAL REVENUE
$142,500 ($118K – $167K range)
~$11,875 per month
Avg Nightly
$485
Occupancy
68%
Cap Rate
5.2%

STR Investment Summary — 2662 Osborne Avenue, South Lake Tahoe

Est. Annual Revenue
$29,757
Avg Nightly Rate
$164
Projected Occupancy
49.9%
Cap Rate
2.4%
Structural Score: 44 / 100 (Standard) · STR Zone: Yellow

Based on comparable vacation rental performance data for South Lake Tahoe. Revenue projections are estimates and may vary.

Land Coverage (TRPA)

Tahoe Regional Planning Agency impervious-coverage budget for this parcel

Room to build
839 sq ft covered of 1,503 sq ft allowed
664 sq ft of coverage still available to add.
Parcel Size
5,011 sq ft
Allowed Coverage
1,503 sq ft · 30%
Existing Coverage
839 sq ft · 17%
Addable Coverage
664 sq ft
Existing Units
1

TRPA caps how much of each Tahoe Basin parcel can be covered by impervious surfaces — buildings, driveways, decks. Estimated coverage — data: TRPA GIS / Tahoe Open Data. The only authoritative determination of coverage and land capability is a Land Capability Verification through TRPA; actual allowable coverage can differ due to verifications, transfers, banked coverage, or deed restrictions.

TRPA parcel fact sheet ↗

Cost Segregation Tax Savings

Estimated first-year bonus depreciation savings

Estimated First-Year Tax Savings
$0
via bonus depreciation
Land Value
$0
Improvement Basis
$0
5-Year Property (18%)
$0
15-Year Property (10%)
$0
Estimates are for informational purposes only and do not constitute tax advice. Consult a qualified CPA or tax professional for your specific situation. Actual savings depend on individual tax circumstances.

Payment calculator

$0 per month
Principal & interest
$0
Property taxes
$0
HOA dues
$0
From MLS listing data.
Home insurance
$0
Insurance estimate only — Tahoe wildfire-zone rates vary; get a local broker quote for accuracy.
Down payment
20% ($99,800)
Home price
$499,000
Loan details
30-yr fixed, 6.5%
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